8^th Floor, 54 Jermyn Street, London, SW1Y 6LX. United Kingdom

Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: griffin@griffinmining.com

14^th October 2024

MINING CONTRACTOR FATALITY AT CAIJIAYING MINE

Griffin Mining Limited ("Griffin" or the "Company") is saddened to announce the death of an employee of the mining contractor at the Caijiaying Mine (the "Mine") in the evening of Friday 11^th October 2024. An ore pass full of excavated paste buried the mining contractor's loader and operator whilst he was excavating the material. The worker was immediately removed from the Mine and taken to Zhangbei Hospital but declared dead upon arrival.

Whilst Griffin has fully complied with all the prescribed legislative and regulatory procedures with all the relevant government departments and at all levels of the Chinese governmental structure, operations have been suspended at Caijiaying to facilitate a full investigation. All regulatory parties have expressed a desire to have the Mine re-open as quickly as possible.

Chairman's Statement

Chairman Mladen Ninkov commented, "A death in any family or organization is inevitably a tragedy for the family involved and the numerous people, organizations and entities whose life that person would have interacted with on a regular basis. In a company such as Griffin, where safety is not only our overwhelming priority, but also where contractors and their staff become part of the Griffin "family"  this fatality has severely impacted our staff, contractors and operations. It strengthens our continuing resolve to redouble our efforts to ensure safety is our first, second and last priority. It may sound glib, but our sincerest condolences do truly go out to his family and friends."

Further information

Griffin Mining Limited

Mladen Ninkov - Chairman                                                                    Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

Panmure Liberum Limited - Nominated Adviser & Joint Broker                   Telephone: +44 (0)20 7886 2500

             James Sinclair-Ford

             Kieron Hodgson

             Dougie McLeod

Berenberg - Joint Broker                                                                                   Telephone: +44(0)20 3207 7800

                Matthew Armitt

Jennifer Lee

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site: www.griffinmining.com